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The remnant of Quindell faces a High Court battle with Slater and Gordon after the Australian law firm hit the controversial British company with a £637m claim over a disastrous deal the pair struck two years ago.

Slater and Gordon has been crippled by its acquisition of insurance outsourcer Quindell’s legal division in 2015, a purchase it agreed just months before the Serious Fraud Office launched an investigation into the UK company’s past accounts.